The average American’s net worth as of 2024 was $620,654, but this figure is skewed by outliers like Elon Musk. In reality, the median net worth in America is just $124,041, highlighting the country’s wealth inequality. Two-thirds of total household wealth is held by the top 10% of households.

To accumulate more wealth, saving and investing in robust assets is key. The personal savings rate in August 2025 was just 4.6%, but saving 10-15% of your income can outperform peers. Investing in low-cost index funds, like the S&P 500, can help you reach median wealth levels in around 10 years.

Owning real estate can also boost your wealth, as homeowners have a median net worth of nearly $400,000 compared to $10,400 for renters. While solving the wealth gap is a national challenge, personal financial strategies can improve your long-term stability.

Read more at Yahoo Finance: The average American’s net worth is $620,654, but that number means little. Here’s the figure that counts